Apex Ecotech IPO Allotment Today: How To Check Status And Latest GMP

The Apex Ecotech Ltd. IPO closed with a massive demand from investors on the last day of bidding on Friday. The investors are now awaiting the IPO share allotment status to be finalised by the company. Apex Ecotech IPO share allotment is expected to be finalised on Monday.

The NSE SME issue was overall subscribed 457.07 times, as per market tracking site Chittorgarh. The investors applied for 1,05,60,03,200 shares against 2,310,400 shares on offer.

The Non-Institutional Investors (NIIs) booked their quota 1,179.62 times with applications for 58,50,91,200 shares compared to 4,96,000 shares reserved for them. Retail investors also showed strong enthusiasm, subscribing their quota 329.65 times. The retail investors applied for 38,08,06,400 shares against 11,55,200 shares set aside for the category.

The Qualified Institutional Buyers (QIBs) booked their quota 136.69 times with applications for 9,01,05,600 shares compared to 6,59,200 shares on offer.

Apex Ecotech IPO was a book-built issue worth Rs 25.54 crore. The IPO consisted of a fresh issue of 34.99 lakh shares. The IPO price band was set between Rs 71 and Rs 73 per share.

The IPO listing has been tentatively scheduled for Dec. 4. Shares of Apex Ecotech will be listed on the NSE SME platform, Emerge.

KFin Technologies Ltd. is the IPO's registrar, Share India Capital Services Ltd. is the book-running lead manager, and Share India Securities is the market maker.

Investors can visit the official websites of the NSE and KFin Technologies Ltd., to check the share allocation status.

• Visit the NSE IPO allotment status page here.

• Sign in if you are a registered user.

• If you are a new user, you must first register.

• Use the drop-down option to choose ‘Apex Ecotech Limited.’

• Enter the application number and your PAN information.

• To see your IPO allotment status, click ‘submit.’

• Visit the KFin Technologies’ IPO allotment status page here.

• Select 'Apex Ecotech Limited' from the dropdown menu. (The company's name will appear once the share allocation is finalised.)

• To check your allotment status, select your PAN (Permanent Account Number), demat account, or application number.

• Depending on your choice, provide the application number, PAN, or demat account number.

• Complete the CAPTCHA verification to make sure you are not a robot.

• Click 'Submit' to view your IPO allotment status.

As of 11:31 a.m. on Dec. 2, the grey market premium (GMP) for the Apex Ecotech IPO stood at Rs 39. Compared to the upper price band of the IPO of Rs 73 per share, the latest GMP suggests an expected listing price of Rs 112, according to InvestorGain. This would represent a potential listing gain of around 53.42%.

Use Of Proceeds

Apex Ecotech Ltd. intends to allocate the proceeds from its IPO to enhance working capital, manage general corporate expenses and cover costs associated with the public offering.

About Apex Ecotech Ltd.

Apex Ecotech Ltd. offers solutions for recycling, reuse and the treatment of water and wastewater. The company's areas of expertise include planning and setting up industrial raw water treatment facilities, building sewage and effluent treatment facilities that adhere to environmental regulations, and providing sludge dewatering equipment.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.